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Michigan Warranty Deed from Husband and Wife to an Individual Form

Michigan Warranty Deed from Husband and Wife to an Individual Form

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had a client come to me and they have a 3% interest rate bunch of equity in their home and they're separating with their partner is there a way to remove the other person from the title work without refinancing they would yes you could go see an attorney they could have deeds done and recorded and that would remove their interest you have to wonder like what would motivate that person to sign their interest off of a deed usually they need a financial payout um but that is how you would do it outside of a refinance and we do that as part of refinance transactions um a lot of times there are payoffs or people want to remove their interest and they're going to refinance and that's by doing a cash out refi is the only way that they can have the funds to motivate that person to give up their interest so as part of a refinance a title company is able to draft and execute a deed removing that interest once they go to sell the property it's all the remaining equ

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